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Reasons for Divesting First REIT
By The Babylonians  •  August 10, 2019

After the release of Q2 2019 results, my intuition just nudged me to sell off First REIT. Don’t get me wrong, the fundamental results are okay, but it is not really a well-performing REIT. Things just remained pretty much stagnant.

An 8% yield on this counter is one of the alluring factors that attracted many investors to get into this defensive healthcare REIT. However, I am seeking to reduce the risk profile of my portfolio and add in only solid high-quality assets. I have too many shitcoins in my crypto portfolio. But it is an ongoing process of rebalancing and refining. First REIT is one of the first to leave us.

Here are the four reasons why I divested First REIT.

1. Slowdown in Gross Revenue & Net Property Income First REIT’s Quarterly Revenue First REIT’s Quarterly NPI

You can see that both revenue and NPI has been recording steady and

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By The Babylonians
The Babylonians is a personal financial blog inspired by a book titled “The Richest Man in Babylon”. This blog shares insightful and educational content on investing across 3 asset classes: Stocks, REITs and Crypto. The motivation behind The Babylonians is to help the average Joe (using myself as a test subject) escape from the rat race through following certain laws and principles of wealth.
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